Definitions for Economics
ˌɛk əˈnɒm ɪks, ˌi kə-eco·nom·ics

Princeton's WordNet(2.78 / 9 votes)Rate this definition:

1. economics, economic science, political economynoun

   the branch of social science that deals with the production and distribution and consumption of goods and services and their management

GCIDE(3.44 / 9 votes)Rate this definition:

1. Economicsnoun

   Political economy; the science of the utilities or the useful application of wealth or material resources; the study of the production, distribution, and consumption of goods and services of a nation or region, and its effect on the wealth of a country. See Political economy, under Political.

Wiktionary(3.70 / 10 votes)Rate this definition:

1. economicsnoun

   The study of resource allocation, distribution and consumption; of capital and investment; and of management of the factors of production.

2. Etymology: From economy, from oeconomia, from οἰκονομία, from οἶκος + νόμος.

Wikipedia(0.00 / 0 votes)Rate this definition:

1. Economics

   Economics () is the social science that studies the production, distribution, and consumption of goods and services.Economics focuses on the behaviour and interactions of economic agents and how economies work. Microeconomics analyzes what's viewed as basic elements in the economy, including individual agents and markets, their interactions, and the outcomes of interactions. Individual agents may include, for example, households, firms, buyers, and sellers. Macroeconomics analyzes the economy as a system where production, consumption, saving, and investment interact, and factors affecting it: employment of the resources of labour, capital, and land, currency inflation, economic growth, and public policies that have impact on these elements. Other broad distinctions within economics include those between positive economics, describing "what is", and normative economics, advocating "what ought to be"; between economic theory and applied economics; between rational and behavioural economics; and between mainstream economics and heterodox economics.Economic analysis can be applied throughout society, including business, finance, cybersecurity, health care, engineering and government. It is also applied to such diverse subjects as crime, education, the family, feminism, law, philosophy, politics, religion, social institutions, war, science, and the environment.

Webster Dictionary(2.50 / 4 votes)Rate this definition:

1. Economicsnoun

   the science of household affairs, or of domestic management

2. Economicsnoun

   political economy; the science of the utilities or the useful application of wealth or material resources. See Political economy, under Political

3. Etymology: [Gr. ta` o'ikonomika`, equiv. to "h o'ikonomi`a. See Economic.]

Freebase(3.50 / 8 votes)Rate this definition:

1. Economics

   Economics is the social science that analyzes the production, distribution, and consumption of goods and services. The term economics comes from the Ancient Greek οἰκονομία from οἶκος + νόμος, hence "rules of the house". Political economy was the earlier name for the subject, but economists in the late 19th century suggested "economics" as a shorter term for "economic science" that also avoided a narrow political-interest connotation and as similar in form to "mathematics", "ethics", and so forth. A focus of the subject is how economic agents behave or interact and how economies work. Consistent with this, a primary textbook distinction is between microeconomics and macroeconomics. Microeconomics examines the behavior of basic elements in the economy, including individual agents and markets, and their interactions. Macroeconomics analyzes the entire economy and issues affecting it, including unemployment, inflation, economic growth, and monetary and fiscal policy. Other broad distinctions include those between positive economics and normative economics; between economic theory and applied economics; between rational and behavioral economics; and between mainstream economics and heterodox economics.

The Roycroft Dictionary(3.75 / 4 votes)Rate this definition:

1. economics

   The science of the production, distribution and use of wealth, best understood by college professors on half-rations.

U.S. National Library of Medicine(1.67 / 3 votes)Rate this definition:

1. Economics

   The science of utilization, distribution, and consumption of services and materials.

Editors Contribution(0.00 / 0 votes)Rate this definition:

1. economics

   The act, process and science of creating, managing, stimulating and generating an economy.

   Economics is simple when we look at it in a simple manner.

   
   

   Submitted by MaryC on March 7, 2020  

Matched Categories

1. • Social Science

British National Corpus

1. Spoken Corpus Frequency

   Rank popularity for the word 'Economics' in Spoken Corpus Frequency: #3354

2. Nouns Frequency

   Rank popularity for the word 'Economics' in Nouns Frequency: #1427

Anagrams for Economics »

1. neocosmic

How to pronounce Economics?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say Economics in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of Economics in Chaldean Numerology is: 2

2. Pythagorean Numerology

   The numerical value of Economics in Pythagorean Numerology is: 6

Examples of Economics in a Sentence

1. Bernie Sanders:

   All of that may be fantasy to the ruling class and the big money interests in this country. I don't think that's fantasy to the working people in this country who have worked longer hours for lower wages, who are tired of establishment politics and establishment economics, every proposal that we have brought forward, we've paid for ... Maybe the drug companies don't like it and the insurance companies don't like it. I think the American people do like it.

2. Med Yones:

   In religious traditions, the love of money is the root of all evil. In economics, scarcity is the root of all evil.

3. Tesla CEO Elon Musk:

   In the U.S. you’d really have to care a lot about renewable energy…you’d have to care about it more than the economics in order to do the daily cycler thing.

4. Elaine Kamarck:

   It is kind of inconsistent on their part. On the other hand, presidents have always been given much, much greater leeway to use their power in international economics and in defense and security issues, it's not surprising that the issues break like this.

5. Peter Daszak:

   We need to increase public understanding of the need for MCMs such as a pan-influenza or pan-coronavirus vaccine. A key driver is the media, and the economics follow the hype. We need to use that hype to our advantage to get to the real issues. Investors will respond if they see profit at the end of process.

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